TV Guide buyer OpenGate meets with investors about debut fund

  • Not clear if the fund has launched
  • Target is $250 mln to $350 mln  
  • Bought TV Guide for $1 plus debt

FundOpenGate Capital, which made a name for itself when it bought TV Guide for $1 in 2008, has been talking to potential limited partners about raising its debut investment vehicle, according to two people with knowledge of the situation.

Formed in 2005 by a Platinum Equity executive, OpenGate has been talking to prospective investors for the past few months about a fund that could target between $250 million to $350 million, the people said. It’s not clear if the ...

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